J.M. Smucker Company (The) (NYSE:SJM) had its price target cut by Citigroup Inc. from $155.00 to $133.00 in a report published on Friday. They currently have a buy rating on the stock.

A number of other brokerages have also commented on SJM. Susquehanna Bancshares Inc set a $141.00 price target on J.M. Smucker Company (The) and gave the stock a hold rating in a report on Wednesday, June 7th. Zacks Investment Research upgraded J.M. Smucker Company (The) from a sell rating to a hold rating in a report on Friday, June 2nd. Credit Suisse Group reiterated a hold rating and set a $126.00 price target on shares of J.M. Smucker Company (The) in a report on Thursday, June 1st. BidaskClub upgraded J.M. Smucker Company (The) from a strong sell rating to a sell rating in a report on Saturday, August 12th. Finally, Jefferies Group LLC upgraded J.M. Smucker Company (The) from a hold rating to a buy rating and upped their price target for the stock from $130.00 to $140.00 in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. J.M. Smucker Company (The) presently has an average rating of Hold and an average price target of $126.73.

J.M. Smucker Company (NYSE:SJM) opened at 105.40 on Friday. The firm has a market cap of $11.96 billion, a PE ratio of 22.15 and a beta of 0.62. The firm’s 50-day moving average is $119.18 and its 200 day moving average is $127.41. J.M. Smucker Company has a 12-month low of $104.15 and a 12-month high of $143.68.

J.M. Smucker Company (The) (NYSE:SJM) last issued its quarterly earnings results on Thursday, August 24th. The company reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by $0.10. J.M. Smucker Company (The) had a return on equity of 12.06% and a net margin of 7.50%. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that J.M. Smucker Company will post $7.75 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This is a boost from J.M. Smucker Company (The)’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.96%. J.M. Smucker Company (The)’s payout ratio is currently 65.55%.

In other news, insider Steven Oakland sold 6,047 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $122.00, for a total transaction of $737,734.00. Following the sale, the insider now directly owns 47,667 shares in the company, valued at $5,815,374. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Barry C. Dunaway sold 9,433 shares of the business’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $121.32, for a total value of $1,144,411.56. Following the sale, the insider now owns 40,966 shares in the company, valued at $4,969,995.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,030 shares of company stock worth $1,948,195. 3.50% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Cleararc Capital Inc. boosted its stake in shares of J.M. Smucker Company (The) by 0.4% in the first quarter. Cleararc Capital Inc. now owns 2,849 shares of the company’s stock worth $373,000 after buying an additional 11 shares during the period. Schmidt P J Investment Management Inc. boosted its stake in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Schmidt P J Investment Management Inc. now owns 2,411 shares of the company’s stock worth $316,000 after buying an additional 13 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in shares of J.M. Smucker Company (The) by 0.5% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,078 shares of the company’s stock worth $666,000 after buying an additional 26 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of J.M. Smucker Company (The) by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 7,168 shares of the company’s stock worth $848,000 after buying an additional 26 shares during the period. Finally, RiverPoint Capital Management LLC boosted its stake in shares of J.M. Smucker Company (The) by 1.3% in the second quarter. RiverPoint Capital Management LLC now owns 2,310 shares of the company’s stock worth $273,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 73.54% of the company’s stock.

J.M. Smucker Company (The) Company Profile

The J. M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America. The Company’s segments include U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice. The Company’s U.S. retail market segments consist of the sale of branded food products to consumers through retail outlets in North America.

Analyst Recommendations for J.M. Smucker Company (The) (NYSE:SJM)

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